T. Rowe Price’s active crypto ETF filing is a reminder that the next phase of digital asset funds may not be limited to simple Bitcoin and Ethereum exposure.

The T. Rowe Price Active Crypto ETF, listed under the ticker TKNZ, filed registration documents under CIK 0002089855 and File Number 333-291007. The product is structured as an actively managed spot crypto ETF designed to hold between 5 and 15 eligible digital assets, including names such as Bitcoin, Ethereum, Solana, and XRP.

The key detail is the active structure.

Instead of tracking a single asset or a simple passive basket, the fund is designed to rotate holdings based on momentum and market trends. That makes it a very different animal from a straightforward spot Bitcoin ETF.

It…